Monday, 20 October 2014
Last updated 2 days ago
Aug 18 2009 | 4:46am ET
As the Asian hedge fund industry rises from the ashes of last year’s huge losses and huge redemptions, a number of Korean financial services firms are hoping to play middleman in the resurgent space.
Kookmin Bank, Industrial Bank of Korea, Samsung Securities and Woori Investment & Securities have earmarked more than US$1 billion to build up hedge fund platforms for institutional investors, Asian Investor reports. Woori and Samsung have set up their platforms in Singapore, while Kookmin has opted for Asia’s hedge fund capital, Hong Kong.
Hwang Sung-ho, CEO of Woori I&S, said the firm’s platform is small, but that it is investing substantial resources into building it up. The firm hopes it will be the centerpiece of a multi-asset strategy group.
Woori is also creating a hedge fund index, AI reports.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...